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The price of commodity X is …

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The price of commodity X is Rs 20 per unit and it remains constant. Given below is the cost schedule of one of its producers.Find out the level of output at which this producer is in equilibrium.Give reason of your answer. Output Total cost (Rs.) 1 26 2 45 3 60 4 76 5 94 6 114 7 142
  • 1 answers

Manish Agarwall 6 years, 8 months ago

6 unit bcz At this level mr=mc=20 And after this mc>mr = 28>20
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